Mayor of New York City and Hopkins alumnus Michael R. Bloomberg has committed $350 million to the University in an effort to stimulate innovation and interdisciplinary work. Bloomberg’s commitment brings his lifetime giving to the University up to $1.118 billion; he has entrenched himself as a generous donor in the 49 years since his graduation.
With the ultimate goal of raising $1 billion, $250 million of the total commitment will be used to facilitate collaboration and encourage members of the University, research and educational opportunities to join to confront the myriad challenges of the global community. Funds will first be dedicated to the appointment of faculty specializing in water resource sustainability, individualized health care delivery, global health, the science of learning and urban revitalization.
The other $100 million will be reserved for need-based financial aid for undergraduate students. In the next decade, 2,600 Bloomberg Scholarships will be awarded.